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Poland's Orlen sells natural gas storage operator to Gaz-System

Reuters
·1-min read
Poland's Orlen logo displayed at fuel station in Bialystok

WARSAW (Reuters) - Polish refiner Orlen said on Friday it signed an agreement to sell Gas Storage Poland, the country's gas storage operator, to the state run gas-pipeline operator Gaz-System.

The sale was a condition set by the country's antimonopoly regulator for Orlen's merger with gas company PGNiG and requires its clearance.

Orlen merged with PGNiG in 2022 and took over the storage facility owned by the gas company.

Concentrating the transmission system, the liquefied natural gas terminal and gas storage in one capital group guarantees optimal decisions regarding the expansion of storage installations and their modernisation, Gaz-System said in a separate statement on Friday.

(Reporting by Marek Strzelecki; editing by Jason Neely)